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Index Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

S&P 500 Industrials (Sector) (CME:SP500-20)

Countertrend Up (+85) - SP500-20 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid SP500-20?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-20.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SP500-20
Open High Low SP500-20 Price Change
1055.44 1066.09 1055.41 1066.00 +16.78
Entry Signal

MarketClub’s Trade Triangles for SP500-20

long term up The long-term trend has been UP since Dec 6th, 2023 at 920.41

intermediate term up The intermediate-term trend has been UP since Jan 26th, 2024 at 964.68

short term down The short-term trend has been DOWN since Mar 26th, 2024 at 1052.72

Smart Scan Analysis for SP500-20

Based on our trend formula, SP500-20 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SP500-20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1055.44 1066.09 1055.41 1066.00 +16.78
Prev. Close Volume Bid Ask Time
1066.00 192008648 2024-03-27 16:20:04
52wk High680.8952wk High Date2018-01-29
52wk Low563.0652wk Low Date2018-10-29
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